| Other Listed Market | Shenzhen (SZSE) — 吉宏股份 |
|---|---|
| Other Market Stock Code | 002803 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
| Stock Name | Jihong Co |
|---|---|
| Stock Code | 02603 |
| Company Full Name | To be extracted |
| Industry | 軟件服務 |
| Principal Activities | 公司成立于2003年，是一家以技術、創新及數智化賦能為基礎，擁有跨境社交電商業務及紙制快消品包裝解決方案業務的領先的雙輪驅動企業。 |
| Listing Date | 2025-05-27 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國福建省廈門市海滄區東孚工業區二期浦頭路9號 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://www.jihong.cn/ |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No data |
| Offering Mechanism | To be extracted |
|---|---|
| Offer Price | HK$ 7.68 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | To be extracted |
| Offer Period | To be extracted |
| Global Offering Shares | To be extracted |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | To be confirmed |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 29.8% |
| Clawback Tiers | To be extracted |
| Reallocation Option | To be confirmed |
| Total Global Offering Size | HK$ 156,464,640 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 3,840 |
| 2 lots | 1,000 | HK$ 7,680 |
| 3 lots | 1,500 | HK$ 11,520 |
| 4 lots | 2,000 | HK$ 15,360 |
| 5 lots | 2,500 | HK$ 19,200 |
| 6 lots | 3,000 | HK$ 23,040 |
| 7 lots | 3,500 | HK$ 26,880 |
| 8 lots | 4,000 | HK$ 30,720 |
| 9 lots | 4,500 | HK$ 34,560 |
| 10 lots | 5,000 | HK$ 38,400 |
| 12 lots | 6,000 | HK$ 46,080 |
| 14 lots | 7,000 | HK$ 53,760 |
| 16 lots | 8,000 | HK$ 61,440 |
| 18 lots | 9,000 | HK$ 69,120 |
| 20 lots | 10,000 | HK$ 76,800 |
| 30 lots | 15,000 | HK$ 115,200 |
| 40 lots | 20,000 | HK$ 153,600 |
| 50 lots | 25,000 | HK$ 192,000 |
| 60 lots | 30,000 | HK$ 230,400 |
| 70 lots | 35,000 | HK$ 268,800 |
| 80 lots | 40,000 | HK$ 307,200 |
| 90 lots | 45,000 | HK$ 345,600 |
| 100 lots | 50,000 | HK$ 384,000 |
| 120 lots | 60,000 | HK$ 460,800 |
| 140 lots | 70,000 | HK$ 537,600 |
| 160 lots | 80,000 | HK$ 614,400 |
| 180 lots | 90,000 | HK$ 691,200 |
| 200 lots | 100,000 | HK$ 768,000 |
| 400 lots | 200,000 | HK$ 1,536,000 |
| 600 lots | 300,000 | HK$ 2,304,000 |
| 800 lots | 400,000 | HK$ 3,072,000 |
| 1,000 lots | 500,000 | HK$ 3,840,000 |
| 1,200 lots | 600,000 | HK$ 4,608,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,400 lots | 700,000 | HK$ 5,376,000 |
| 1,600 lots | 800,000 | HK$ 6,144,000 |
| 1,800 lots | 900,000 | HK$ 6,912,000 |
| 2,000 lots | 1,000,000 | HK$ 7,680,000 |
| 3,000 lots | 1,500,000 | HK$ 11,520,000 |
| 4,000 lots | 2,000,000 | HK$ 15,360,000 |
| 5,000 lots | 2,500,000 | HK$ 19,200,000 |
| 6,000 lots | 3,000,000 | HK$ 23,040,000 |
| 6,791 lots | 3,395,500 | HK$ 26,077,440 |
| HK Market Cap | --- |
|---|---|
| Analysis Result | Already included in Stock Connect (both, shenzhen, shanghai) |
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 10.68 |
|---|---|
| First Day Open | HK$ 11.0 |
| First Day Change | 39.06% |
| First Day Volume | 56699500.0 |
| First Day Turnover | 622543000.0 |
| Use of Proceeds | 1、約40%或202.2百萬港元將用于海外市場拓展； 2、約35%或176.9百萬港元將用于公司在以下各項的技術開發：(1)公司的研發能力；(2)數據分析能力，提升公司的業務效率；及(3)吉喵云，拓寬公司的收入來源； 3、約15%或75.8百萬港元將用于擴大公司的品牌組合及發展公司現有的自主開發品牌； 4、約10%或50.5百萬港元將用于公司的營運資金及其他一般企業用途。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Timber Kangaroo Capital Limited | 23,316,480 HKD | — | 4.47% | — | 6 months | 2025-11-27 |
| 2 | 沈臻宇 | 77,721,600 HKD | — | 14.90% | — | 6 months | 2025-11-27 |
| 3 | 昱龙国际资本有限公司 | 54,405,120 HKD | — | 10.43% | — | 6 months | 2025-11-27 |
| Chairman | 莊浩 |
|---|---|
| Company Secretary | 陸它山,譚詠子 |
| Major Shareholders & Holdings | 莊浩(15.4%),莊澍(7.6%) |
|---|
Market Sentiment
The IPO of 吉宏股份 (02603) saw a moderate oversubscription ratio of 49.39x, reflecting healthy but not frenzied retail demand. The overall hit rate of 64.45% indicates that a majority of applicants received allocations, which is relatively high compared to blockbuster deals. With a clawback to 回拨A档 and a final price of HK$7.68, sentiment was broadly positive without extreme speculation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable inefficiency appears at the A/B boundary: 甲尾 applicants (applying 800 lots) and 乙头 applicants (applying 1,000 lots) both received only 1 expected lot, offering no extra allocation for the larger commitment. This suggests the tier structure was poorly calibrated, making 乙头 applications less capital-efficient. Broker fee differences would further impact net outcomes, as higher-tier applications incur higher fees for no allocation gain. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Demographic data is missing from the provided dataset, with all holder percentages reported as zero. This could indicate that the registrar did not disclose a breakdown, or the data is incomplete. Without mainland or HK participation rates, it is difficult to assess the regional support for this IPO. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
